WEMIX suffers $724K stablecoin hack, attacker moves funds across multiple crypto assets.

WEMIX, a blockchain platform, experienced a security breach where an attacker took control of its WEMIX$ stablecoin, converting it into 30,736 WEMIX tokens and $724,198.27 in USDC. The stolen assets were transferred through Ethereum and Binance Smart Chain bridges, then swapped into various cryptocurrencies like ETH and USDT, with some funds deposited into centralized exchanges. WEMIX is actively tracking the attacker’s wallets and has requested asset freezes from exchanges. This incident adds to a series of recent crypto platform hacks, raising concerns about security and institutional adoption of decentralized finance (DeFi). Meanwhile, U.S. lawmakers have proposed a federal task force to combat crypto theft and support victims.